Is market and market-related data a crucial driver of success in the wealth management industry? Well, it could be in a couple of ways. Obviously, if a wealth management firm (wealth management news) could craft a truly unique and high value-added data feed for customers, it would prove a marketable benefit, though I think that route is unlikely.

It could also drive business as an advisor tool that can aid in the retention and recruiting of top producers. If a firm could offer a truly unique service that would compel high-producing brokers to join its team, that would be great thing. According to Celent, we’re seeing some innovation, as more firms opt for customizable services that offer advanced features beyond mere data look-up. Source

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